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The F&I Newsletter for 04.02.14

 

Stories that appeared in our weekly F&I Report Newsletter

 
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Former Fla. Dodge store loses arbitration bid in suit over sloppy paperwork

12:01 am U.S. ET | April 2

In 2004 Roberto Basulto and Raquel Gonzalez went to a dealership in Hialeah, Fla., to buy a new 2005 Dodge Caravan. Although they spoke only Spanish, all the documents they signed were in English and some were incomplete when they were signed.
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Dealerships, lenders bolster compliance staffs in face of CFPB crackdown
12:01 am U.S. ET | April 2 | UPDATED: 4/4/14 6:28 pm - corrected

Auto lenders and dealerships are strengthening their compliance staffs as the Consumer Financial Protection Bureau cracks down on lending practices. Lenders are beefing u ...
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GM Financial, Ally swap corporate profiles
12:01 am U.S. ET | April 2 | UPDATED: 4/2/14 11:34 pm ET - adds details of IPO

A new and much bigger GM Financial is emerging this year -- a global, mostly prime-risk auto lender that looks a lot like the old GMAC captive finance company. ...
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Auto finance outlook is good for 2014, report says
12:01 am U.S. ET | April 2

The outlook for auto finance this year is “mildly less positive” relative to extraordinarily favorable conditions, according to analysts for NADA Used Car Gui ...
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JIM HENRY
Off-lease surge should spark even more leasing
12:01 am U.S. ET | April 2

Scheduled lease terminations are expected to grow again in 2014, providing a strong tailwind for additional leases this year and higher customer loyalty. ...
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JIM HENRY
Ally takes step toward 'free at last' with IPO
12:01 am U.S. ET | March 27 | UPDATED: 3/27/14 10:58 pm ET

It's been a long time coming, but Ally Financial finally filed for its initial public stock offering today -- another step in a long process toward becoming a truly indep ...
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